Applications / Mortgage Analytics / Lenders / New York / Better Mortgage
New York, NY · Independent non-bank lender · CFPB · 14,567 loans in 2025
Better Mortgage's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
14,567
loans originated, 2025
45,682
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Better Mortgage grew faster than any similar lender in 2025, up 167% to 14,567 loans, and 31.2% of its loans were other-purpose loans rather than purchases or refinances.
Originations rose 167% from 5,450, against 16% for similar lenders (independent non-bank lenders making between half and twice as many loans) and 10% for the whole market. It remains far below its 59,962 loans in 2020 and 133,152 in 2021.
Home purchases were 41.6% of its loans, other-purpose loans 31.2%, refinances 19.8% and home-improvement loans 7.5%. Its typical loan fell to $245,000 from $365,000, against $285,000 at similar lenders; the other-purpose and home-improvement loans in its mix could account for the smaller size.
Conventional loans made up 89.8% of its lending, against 61.6% at similar lenders, more than about four in five of them. FHA loans (insured by the Federal Housing Administration) were 8.1%, against 26.4%, and VA loans (guaranteed by the Department of Veterans Affairs) 2.2%, against 8.8%.
It made 15.1% of its loans to LMI (low- and moderate-income) borrowers, against 30.2%, and 14.3% in LMI areas, against 21.5%, lower than nearly all similar lenders on the second measure. Its small FHA share is one possible reason, since FHA lending often serves lower-income buyers. Both shares are higher than five years earlier.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Better Mortgage took 45,682 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 41.6% · Other 31.2% · Refinance 19.8% · Home improvement 7.5%
Conventional 89.8% · FHA 8.1% · VA 2.2% · of 14,567 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 1,786 | 12.3% |
| Texas | 1,143 | 7.8% |
| Florida | 1,004 | 6.9% |
| Georgia | 685 | 4.7% |
| North Carolina | 664 | 4.6% |
| New Jersey | 658 | 4.5% |
| Colorado | 512 | 3.5% |
| Oklahoma | 493 | 3.4% |
| Washington | 480 | 3.3% |
| Illinois | 476 | 3.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Atlanta-Sandy Springs-Roswell | 381 |
| Dallas-Plano-Irving | 353 |
| Chicago-Naperville-Schaumburg | 338 |
| Oklahoma City | 317 |
| New York-Jersey City-White Plains | 308 |
| Charlotte-Concord-Gastonia | 291 |
| Portland-Vancouver-Hillsboro | 290 |
| Los Angeles-Long Beach-Glendale | 289 |
| Phoenix-Mesa-Chandler | 265 |
| Denver-Aurora-Centennial | 226 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300XY701IELCE5Q08 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4324982 | 2011–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7870691650 | 2017–2017 |
Established 25 February 2003. Reported under HMDA 2010-2025.
Mergers, name changes, data editions and corrections: Better Mortgage's data.
Better Mortgage's data
$215
Better Mortgage and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy Better Mortgage's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]